According to the Small Business Administration, new businesses have a 34 percent chance of failing within two years and half are not operating in four years. 60 percent of businesses fail in six years (Scarborough and Zimmerer 12). I know people do not set out to fail this statistics show that it does happen.

What is business failure? John Watson and Jim E. Everett authors of "Do Small Businesses Have High Failure Rates", say that experts tend not to agree what is the clear definition of business failure. Most of society believes that it is when a business files for a form of bankruptcy. However others believe that it can be "bankruptcy, merger, or acquisition. Still others argue that failure occurs when a firm does not meet responsibilities to stakeholders of the organization."The South Dakota State University Bulletin states students in the Entrepreneurial minor will "have the opportunity to increase their knowledge of skills needed to start, own, and/or operate a business."

What's in the bag? Business of Software 2010

moo.com business cards

The Business Computer was something of a failure f...

Part of owning a business is the chance of failure. In the syllabus for Entrepreneurship II one of the course objectives is to learn the challenges and rewards of entrepreneurship (Behrend). The class Entrepreneurship II needs to discuss what to do if a business fails because if a business does fail students need to know how to deal with the failure.

Being prepared for failure is a practical part of starting a business. The statistics stated earlier show that business failure is very possible, and it is hard to see why learning to deal with business failure is not discussed in the Entrepreneurship II class. If the South Dakota State University wants students to be prepared for the real world, learning about business failure would be a big step. Also if we understood business failure students could learn...

More Businesss Research Papers essays:

... paper was written in hope that the reader will have a new awareness of the legal & business structure that plays a major role in ... advice given does not prove useful in coming to a resolution, lodge a complaint at the Small claims tribunal (SCT). Once you have lodged a complaint it may take a month or ...

... well throughout Florida and the United States. Palm Cafe's management will ... our manufacturing side of business or change our business type. If ... continue growth at a rate of 25% per year until 20062. ... "Coffee bar market still looks perky." Caterer & Hotelkeeper; 7/03/2003, Vol. 192 Issue 4280, p10, ...

... small businesses fail within the first three years of establishment. Reasons for this include lack of management expertise, poor or no use of planning or simply forced out through competition. However, before this can be discussed, it is essential to question what a business ...

... small business mortality; Categorize small business risk factors; Clarify causes of business failure; Classify definitions of small business failure". Although their study relatively limited in the context of small business failure, it still provides help for us to understand whole business ...

... Business Opportunities Operating a successful small business is largely dependant upon making the right choices from the very beginning of the enterprise. Research is therefore a crucial part of planning a new business venture. The Appropriate Business ...

4 pages3441Sep/20063.6

Students & Profs. say about us:

"Good news: you can turn to other's writing help. WriteWork has over 100,000 sample papers"